Business

Sri Lanka-Indonesia Business Council AGM 2018

Views - 41 Wednesday, 7 November 2018 01:19

Sri Lanka-Indonesia Business Council (SLIBC) of The Ceylon Chamber of Commerce held its 25th Annual General Meeting on 12 September at the Cinnamon Grand, Colombo and Embassy of Indonesia in Sri Lanka Ambassador I. Gusti Ngurah Ardiyasa, graced the e


Seminars on Productivity Concepts and Techniques in English and Sinhala media on 13 and 15 Nov.

Views - 38 Wednesday, 7 November 2018 01:16

BizEx Consulting Ltd. announces two full-day seminars on Productivity Concepts and Techniques. The English medium seminar will be on 13 November at Galadari Hotel, while the Sinhala medium seminar will be on 15 November, at the Postgraduate Institute


Women making waves in local industry

Views - 107 Tuesday, 6 November 2018 00:10

ILO (Puthukudiyiruppu): Krishnakumar Jeyaranjini moved around constantly during the 26-year-long Sri Lankan conflict. She suffered the pain of displacement and separation from her loved ones. Then, in 2013 she lost her husband, and found herself resp


CPM talk about ‘How to Navigate in Tough Market Conditions?’ at next evening presentation

Views - 63 Tuesday, 6 November 2018 00:10

The Institute of Certified Professional Managers of Sri Lanka will talk about ‘How to Navigate in Tough Market Conditions?’ at the 12th Evening For Managers presentation. CIC Holdings PLC Chief Executive Officer – Industrial Solutions Sector Gr


Pizza Hut celebrates 25 years in Sri Lanka

Views - 39 Tuesday, 6 November 2018 00:00

Pizza Hut, the Home of Pan Pizza, celebrates 25 years of heart-warming moments in Sri Lanka. Looking back at our road towards this silver landmark, we are proud of the strides we have taken in this beautiful country. Featuring 57 outlets around th


SLIFA holds 26th AGM, elects new Executive Committee

Views - 23 Tuesday, 6 November 2018 00:00

The 26th Annual General Meeting of the Sri Lanka-Indonesia Friendship Association was held recently at Riptaloka Hall, Indonesian Embassy premises, 400/50, Sarana Road, Colombo 7. The Office Bearers to serve


CMA Sri Lanka President congratulates new IFAC President Prof. In-Ki Joo

Views - 21 Tuesday, 6 November 2018 00:00

The International Federation of Accountants (IFAC), the voice of the global accounting profession, is the global organisation for the accountancy profession, dedicated to serving the public interest by strengthening the profession and contributing to


AAT Sri Lanka delegation congratulates new IFAC President

Views - 32 Tuesday, 6 November 2018 00:00

At the International Federation of Accountants (IFAC) Board Meeting, held recently in Sydney, Australia, the world apex body of Professional Accountants, Prof. In-Ki Joo, the newly elected President, was congratulated by the AAT Sri Lanka delegation



Lakshman Kadirgamar Institute launches academic study on Belt and Road Initiative

Views - 102 Monday, 5 November 2018 01:05

The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) and Chatham House, UK recently launched a major academic study on Chinese outbound investment and the Belt and Road Initiative (BRI). This study adopts an evide


BOI gets two new Board Members

Views - 125 Monday, 5 November 2018 01:04

By Charumini de Silva The Board of Investment (BoI) has got two new board members while an equal number of positions still remain vacant, the Daily FT learns. According to sources, President Maithripala Sirisena has appointed BoI’s former Executive


Nations Trust Bank pledges support to growth of local exporters

Views - 49 Saturday, 3 November 2018 00:32

Nations Trust Bank recently participated as the Principal Sponsor of the 26th Annual NCE Exporters Awards, which was held recently at the Shangri-La Colombo. Discussing Nations Trust Bank’s decision to support the NCE Exporters Awards 2018 as a Pr


Pan Asia Bank holds religious ceremonies in commemoration of 23rd anniversary

Views - 19 Saturday, 3 November 2018 00:32

To coincide with the 23rd anniversary of Pan Asia Bank, a pirith sermon was held recently at the Bank’s Head Office, with the participation of a large gathering of its staff and customers. The pirith ceremony whic


Emirates Skywards introduces new on-demand taxi app Emirates Skywards Cabforce

Views - 37 Saturday, 3 November 2018 00:31

Emirates Skywards has launched an on-demand ground transportation booking app called Emirates Skywards Cabforce in partnership with CarTrawler – the first of its kind in the world. The app is a mobile travel companion that will offer its loyalty me


High Commissioner-designate to South Africa to focus on boosting trade between the two countries

Views - 21 Saturday, 3 November 2018 00:20

The newly appointed High Commissioner of Sri Lanka to South Africa, Kumar Mallimaratchi held discussions with key business leaders, namely, Herman Breedt, President of Johannesburg Chamber of Commerce and Industry (JCCI), Bernadette Zeiler, Head of I


Daraz announces 11.11, world’s biggest sale day in Sri Lanka for first time on 11 November

Views - 211 Saturday, 3 November 2018 00:10

Leading e-commerce company Daraz is bringing 11.11, the ‘world’s biggest sale day,’ to Sri Lanka for the first time. The one-day sale is sponsored by Reckitt Benckiser, Unilever, Anchor, Samsung, Avirate, Browns and Co and Nivea, as well as Ra


Mahesh new CEO at Singer; Asoka ends stint

Views - 206 Friday, 2 November 2018 00:00

Longstanding Mahesh Wijewardene has been appointed as the CEO/Executive Director of Singer Sri Lanka Plc with effect from 1 November. He succeeds Asoka Pieris who has relinquished is duties from 31 October. Mahesh was appointed Chief Operating Offi


Martin Bauer Group and Hayleys join forces to serve global high quality tea extracts demand

Views - 137 Friday, 2 November 2018 00:00

Iconic Sri Lankan multinational Hayleys PLC and Germany’s botanicals giant Martin Bauer Group (MBG) announce a historic joint venture partnership in Hayleys Global Beverages Ltd. (HGBL). Established in 2016, HGBL stands among Sri Lanka’s most sop


LMD releases 2018 ‘A-List of Sri Lankan Businesspeople’

Views - 299 Friday, 2 November 2018 00:00

Pioneering business magazine LMD has released its ‘A-List of Sri Lankan Businesspeople’ – the launch edition of what it says will be an annual list of leading corporate personalities, which pays tribute to the front-runners in 2018. Based on no


‘Celebrating 40 years of excellence, JF & I Packaging reaches another milestone

Views - 51 Friday, 2 November 2018 00:00

In 1978 when Dr. Neville Fernando iconic entrepreneur founded JF & I Packaging Ltd., his dream was to see this enterprise emerge as Sri Lanka’s leader in printing and packaging. 25 years later in 2003 in a message to the Jubilee Souvenir he wrote,


New Vithanakande Tea Factory once again shines at this week’s tea auction

Views - 108 Friday, 2 November 2018 00:00

Following up on last week’s record equalling performance in the Low Grown category, teas sold under the New Vithanakande Mark improved the record for OP1 grade and achieved Rs. 1,460 per kg at this week’s Colombo Tea Auction held on 30/31 October


Galpaditenne & Matuwagala tea factories establish all-time record prices

Views - 34 Friday, 2 November 2018 00:00

Galpaditenne (Suduwelipothahena) and Matuwagala tea factories situated in Ratnapura, managed by Saman Upasena, achieved all-time record prices at the weekly tea auction of 31 October, by securing an attractive price of Rs. 1,250 per kg for PEK1 grade


CCS Lanka shines at Presidential Export Awards 2018 for 4th consecutive year

Views - 26 Friday, 2 November 2018 00:00

CCS Lanka Ltd. was recently recognised as the Highest Foreign Exchange Earner 2017/2018 in the Electronics & Electricals Sector at the Presidential Export Awards 2018. The company is being recognised at the prestigious Presidential Export Awards for


Teejay 6-month net profit up 20% to Rs. 705 m despite challenges

Views - 56 Thursday, 1 November 2018 01:28

Teejay Lanka PLC, Sri Lanka’s only multinational textile manufacturer, has reported sales of Rs 14.4 billion and profit after tax of Rs. 704.8 million at Group level for the six months ending 30th September 2018, rewflecting healthy growth of 25% a


Top global apparel and footwear brands pick SL to launch Social & Labour Convergence Project

Views - 61 Thursday, 1 November 2018 01:27

The Joint Apparel Association Forum (JAAF), one of the signatories to the project aimed at facilitating improved working conditions in apparel and footwear industries, announced that the recent decision by the prestigious Sustainable Apparel Coalitio


Wurth Lanka and KFW Germany to uplift local craftsmen as ‘technipreneurs’

Views - 26 Thursday, 1 November 2018 01:12

Wurth Lanka, subsidiary of Wurth Group, joins hands with KFW, a member of the KFW Bankengruppe (KfW banking group) to create skilled and economically independent craftsmen in Sri Lanka by empowering them as technipreneurs. The Asia Society for Social


Bairaha Group buys CIC Grains assets for Rs. 340 m

Views - 60 Thursday, 1 November 2018 01:11

Bairaha Farms Group has bought the assets of CIC Grains Ltd, for Rs. 340 million. CIC Holdings Plc said its subsidiary CIC Grains Ltd., sold its land, building, plant and machinery located at Moneragala to Fortune Agro Industries Ltd., and Windsor Re


All-time record price for Rayigam Estate

Views - 27 Thursday, 1 November 2018 01:11

Rayigam Estate situated in Ingiriya renowned for manufacturing superior low country teas had the distinction of obtaining an all-time record price for a BOPF grade sold under the Imagira mark at Rs. 1,450 per kg., at the weekly tea auction concluded


Women-supporting trade policies need better data, experts say

Views - 24 Thursday, 1 November 2018 00:48

The idea that governments around the world must support women as traders, workers and entrepreneurs to drive international commerce has been recognised in several multilateral agendas in recent years, but experts say that a data gap needs to be fille


Asian businesses eye intra-regional opportunities amid protectionism

Views - 29 Thursday, 1 November 2018 00:48

Fuelled by the region’s economic prospects and consumer confidence, Asian businesses are feeling positive about the trading environment, a new HSBC global report finds. However, the survey also reveals that Asian companies’ upbeat outlook is not


Today's Columnists

Reaching global quality standards through Deming Award

Wednesday, 21 November 2018

The importance of quality in the contemporary competitive business environment cannot be over-emphasised. Total Quality Management (TQM)is a company-wide, all pervasive management philosophy, which organisations globally, in many business sectors hav


Ramsar accreditation of Colombo Wetlands: Rebranding Colombo as a Wetland City

Wednesday, 21 November 2018

Colombo, once known to be “kolonthota,” has always been identified as a wetland complex at the heart of the Kelani river delta. Today this city is increasingly drying up, with around 20 sq km left as wetlands which continue to be threatened every


Coup Sri Lanka: some winners, mostly losers

Wednesday, 21 November 2018

As a president proves shockingly stubborn, a nation waits with baited breath as to what His Excellency the loose cannon on a rocky slope will do next. Two Prime Ministers and the fates of their respective parliamentary groups hang in the balance lik


Rising dollar and bank NPA, brothers in arms?

Wednesday, 21 November 2018

The rising Non-Performing Advances (NPA/NPAs) is a matter of concern to the entire financial industry. It is a nightmare. The weekend papers have published some articles based on interviews journalists conducted with respective bank CEOs and also bas


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